Inslee signs law allowing duplexes, fourplexes

At a time of soaring home prices, rising homelessness and a housing crisis in Washington that will require 1 million homes over the next two-plus decades to keep up with population growth, Gov. Jay Inslee on Monday signed a law legalizing duplexes and fourplexes in most neighborhoods in nearly every city to increase the state's housing supply.

Redfin to cut another 13% of workforce, shutter RedfinNow

Online real estate broker Redfin is cutting 862 employees and shutting down its instant-cash-offer subsidiary RedfinNow, another casualty of two-decade high interest rates stoked by the Federal Reserve’s fight against inflation.

More than $17M awarded to develop affordable housing across Pierce County

Despite inflation fears, Tacoma will need nearly 10,000 houses ‘For Sale’ to meet expected demand over the next three years, according to the latest forecast from the U.S. Department of Housing and Urban Development. The department also predicts only 1,300 new homes will be built in that same period. 

Mortgage demand plummets as interest rates hover near 13-year high

Homebuyer demand for mortgages tumbled last week as the average interest rate on the most popular U.S. home loan hovered near a 13-year high, a sign the red-hot housing market may be starting to cool off, according to new data from the Mortgage Bankers Association.